New CFPB rule caps banks’ credit card late fees at $8
The Consumer Financial Protection Bureau unveiled a new rule on Tuesday that it said would cap the typical late fee…
Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again
Regional lender New York Community Bank may have to pay more to retain deposits after one of the company’s key ratings…
Wall Street is worried about NYCB’s loan losses and deposit levels as stock sinks below $4
Regional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year’s banking…
Shares of NYCB falls 25% after bank discloses ‘internal controls’ issue, CEO change
Shares of New York Community Bancorp fell more than 25% on Friday after the regional lender announced a leadership change…
Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing
JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he…
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion…
JPMorgan CEO Jamie Dimon says AI is not just hype — ‘This is real’
The burgeoning artificial intelligence tools from companies such as OpenAI still have their share of skeptics, but don’t count JPMorgan…
German central bank losses soar, wiping out risk provisions
Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates,…
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with…
Here’s why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall…
